The fund, Quadrant Private Equity No.2, initially had a $400 million target and was oversubscribed, according to the firm.

The new fund will continue to invest in mid-market management buyouts and expansion capital deals in Australia and New Zealand. The buyout deals will be in an enterprise value range of $100 million to $500 million.

Quadrant raised a $265 million fund (QPE No. 1) in November 2005, which has invested in seven deals over a period of 18 months.

Quadrant’s senior management team include Chris Hadley, George Penklis and Marcus Darville.

From the current issue of

We are accustomed to splitting trading into technical and fundamental buckets. Both involve crunching data; one set includes market fundamentals and the other pure price data. Alternative data is a third bucket that is gaining traction.